In total, Phase 3 will comprise 1200 residential units, a 200 room hotel overlooking both the town square and the Power Station, 350,000 sq. ft. of retail and restaurant space, a 15,000 sq. ft. library and further leisure space.
The development has been designed by two of the world's most famous architects; Frank Gehry and Foster + Partners.
This phase, 3 of 7, will form the epicentre of the entire project; two residential development zones located either side of the High Street.
Both architectural practices are collaborating on the High Street; Gehry Partners is designing the residential buildings to the east of the High Street, with Foster + Partners designing the residential buildings to the west.
More top news
The garden above the Canary Wharf Crossrail station is now open to the public.
First time buyers in London now need an average annual income of £77,000 - nearly double the amount required in the rest of the country.
Celebrations have begun to mark Watford's move up to the Premier League.